Not unless the children co-signed the note.
Well, the estate of the parents will owe the debt. First of all, the use of PARENT-S- plural assumes they both died at the same time? All the debts of the deceased will be paid first, and, assuming there is a will, the wishes of the parents, per their legal will, determines where the rest of the money goes.
No one except the person or persons who signed the legal loan papers, OR their estate, will be held responsible for any loans.
However, if the executor is alert and informed, he or she may try to get the lender to take the car back with monies paid to date coupled with the physical property considered legal elimination of the debt, dependent upon its condition of course.
In Malaysia law, when their parents decreased, do the children have to pay the court fees?
The child is not responsible for the debts of the parents. The estate has to resolve all of these before they can close it out.
The decedent's estate is responsible for the debts of the decedent.
sorry i meant who was worst affected by the black death adults or children ?
Jack is responsible for Jill's death. the proximate cause was death by automobile brought about by Jill fleeing in fear from Jacks assault by gun by which means he intended her death.
No. The age of the children is not relevant unless they are adults who entered into a financial agreement with the parents. For example joint holders of a credit card account. The estate of deceased person(s) is responsible for paying any debts in the manner prescribed by the probate laws of the state where the person lived at the time of their death.
Candice Richards -A sibling household consists of children living by themselves due to the death of their parents or as a result of their parents abandoning them. The eldest usually is the most responsible individual and he or she works and provides for the younger children .You may think what the advantages and disadvantages are.Well brainstorm
No way! Why would your parents have to pay your bills? There is no law that says they have to take over your bills in case of death. No such law exists. Why would you think so? No way! Why would you think so? There is no law that says your parents have to pay the debts of their kids in the event of death. No such law exists.
Well, children were abandoned by their parents, and had no where to go. They were killed by the pestilence, and of starvation.
Only if your name is on the existing lease. The parents estate can be held responsible for damages, but the lease itself is simply void upon death if no one on the lease is left alive.
I think that would be paid out of the estate and not by the child.
No, the executor is responsible for carrying out the decedent's wishes as spelled out in the will, but the will itself cannot be changed.